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Redfin to raise fees
Redfin is raising fees by an average of 16 percent in order to provide customers with "a one-on-one relationship" to their agents.
Seattle Times staff
Technology-based real-estate brokerage Redfin says it's reducing the commission refunds it offers to buyers, raising fees by an average of 16 percent, in order to provide customers with "a one-on-one relationship" to their agents.
The Seattle company had previously offered buyers refunds equal to 50 percent of the commission split the brokerage received from the seller, subject to a $6,000 minimum fee.
Now, Redfin will employ a fixed-dollar refund for each listing based on a sliding scale that's tied to the listing price, CEO Glenn Kelman announced.